The depository institutions that concentrate loans in one segment such as consumer loans are considered as ___________?
Correct answer: A. thrifts
- A. thrifts
- B. state bank
- C. global bank
- D. multinational institutions
Explanation
Thrifts are specialized depository institutions that concentrate their lending in particular areas, traditionally residential mortgages and related consumer lending. The other options are classifications by ownership or geographic reach, not specialized lending focus.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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